POB unit 1
Quiz
•
Business
•
10th Grade
•
Easy
Demoya James
Used 2+ times
FREE Resource
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
what is barter?
2.
MULTIPLE SELECT QUESTION
45 sec • 2 pts
advantages of barter?
trading could take place without money.
barter enabled a person to get what he/she wanted and could not produce.
3.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
what is money?
Money is a medium of exchange that is generally accepted.,
4.
MULTIPLE SELECT QUESTION
45 sec • 3 pts
limitations of barter?
certain goods cannot be broken up into smaller units.
double coincidence of wants.
difficult to save
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
what are the characteristics of money?
durability, portability, divisibility, scarcity, and acceptability
6.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
what is medium of exchange?
A medium of exchange is a form of payment for goods and services.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
what is unit of accounts?
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